Uflex (500148) Q4 25/26 earnings summary

Executive summary

• Q4 FY 2026 delivered strong operational and financial performance, with broad-based recovery despite supply chain disruptions and tariff uncertainties, supported by an integrated business model and global manufacturing footprint.

• Major recycling facilities were commissioned in Noida, and aseptic packaging capacity expanded in Sanand, Gujarat; greenfield projects in Egypt and Mexico are nearing commissioning.

• Audited standalone and consolidated financial results for FY 2025-26 were approved, with auditors issuing unmodified opinions.

• A dividend of Rs. 3 per equity share was recommended for FY 2025-26, subject to shareholder approval.

Financial highlights

• Q4 FY 2026 consolidated revenue was Rs. 40,973 Mn (+12.8% QoQ, +5.7% YoY); FY 2026 revenue was Rs. 155,130 Mn (+2.1% YoY); consolidated net profit after tax for FY 2025-26 was Rs. 32,800 lacs.

• Q4 FY 2026 EBITDA was Rs. 6,265 Mn (+36.3% QoQ, +31.8% YoY), margin 15.3%; FY 2026 EBITDA was Rs. 19,836 Mn (+8.1% YoY), margin 12.8%.

• Q4 FY 2026 normalized PAT was Rs. 2,026 Mn; FY 2026 normalized PAT was Rs. 3,362 Mn.

• Q4 FY 2026 sales volume was 166,879 MT (+10.3% QoQ, +1.0% YoY); FY 2026: 649,789 MT (+0.4% YoY).

• Standalone revenue for FY 2025-26 was Rs. 777,847 lacs; standalone net profit after tax was Rs. 14,802 lacs.

Outlook and guidance

• FY 2027 is expected to outperform FY 2026, driven by improved utilization of new capacities, product mix optimization, and additional capacities coming online.

• Positive outlook for FY 2027, with investments in innovation, recycling, and global capabilities to drive sustainable growth.

• Management remains confident regarding ongoing tax matters and expects positive outcomes in pending appeals.